Section 5-608 - Articles of incorporation. - Maryland Statutes

§ 5-608. Articles of incorporation.
 

(a)  Required provisions.- The articles of incorporation of a cooperative shall contain: 

(1) The name of the cooperative; 

(2) The address of the principal office of the cooperative; 

(3) The name and address of the resident agent of the cooperative; 

(4) The name and address of each incorporator; 

(5) The name and address of each director; and 

(6) A statement that the articles are executed in accordance with this subtitle. 

(b)  Permissible provisions.- The articles of incorporation of a cooperative may contain any provision that: 

(1) Is consistent with this subtitle; and 

(2) Is considered necessary or advisable for the conduct of the business of the cooperative. 

(c)  Unnecessary provisions.- The articles of incorporation need not state the purpose for which the cooperative is organized or any of its corporate powers. 

(d)  Execution of articles.- The articles of incorporation shall be signed by each incorporator and acknowledged by at least two of the incorporators, or on their behalf, if they are cooperatives. 
 

[2002, ch. 135, § 3.]